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Jakarta Post

US, RI sign infrastructure financing deal

  • Alya Nurbaiti

    Jakarta

Jakarta   /   Mon, September 21 2020   /  01:00 am
Pekerja menyelesaikan proyek pembangunan jalan layang Purwosari di Solo, Jawa Tengah, Selasa (16/6/2020). Kementerian Pekerjaan Umum dan Perumahan Rakyat (PUPR) melalui Direktorat Jenderal Bina Marga tetap menargetkan pembangunan jalan layang atau flyover Purwosari selesai pada Desember 2020 meskipun terdampak refocusing proyek akibat pandemi COVID-19, saat ini pembangunan sudah mencapai 39 persen. (Antara/Mohammad Ayudha)

United States Treasury Secretary Steven T. Mnuchin and Indonesian Finance Minister Sri Mulyani Indrawati have signed an agreement to bolster the two countries’ cooperation on infrastructure development. The Cooperation Framework to Strengthen Infrastructure Finance and Market Building, signed by the ministers remotely on Friday, is designed to support infrastructure development through market-oriented, private-sector investment. Under the new framework, both countries will address regulatory, market and legal barriers to private-sector investment by focusing on the development of financial instruments, project financing, the local debt market and capital markets. “Infrastructure development is critical to economic growth and long-term recovery from the effects of COVID-19. This framework supports economic growth and our shared goals to meet infrastructure needs,&rdqu...